KOGAS sells US$200 mln in bonds in Japan

South Korea's state-run Korea Gas Corp. (KOGAS) said Friday that it has raised US$200 million by selling dollar-denominated bonds in Japan in a bid to finance its development projects. KOGAS did not give specifics on the sale of so-called Shogun bonds, including the pricing. Shogun bonds refer to debt issued in Japan by a non-Japanese firm and denominated in a currency other than the Japanese yen. The proceeds from the sale of the debt will be used to finance its overseas resource development projects, said KOGAS. The state-run utility firm also raised $370 million by selling Japanese-currency denominated Samurai bonds in July.